GM is expected to make an announcement before the end of the year, and has mentioned that the company has already spent more cash on its automobile business than it was actually receiving in sales. A special taskforce has been set up to develop the new “plug-in hybrids” under the in-house name of I-car or Icon car. Plug-in hybrids recharge when the vehicle isn't in use and switch to the gasoline engine when the batteries are drained.
We’re surprised GM hasn’t placed diesel technology high on its agenda. The virtues of diesel have already been proven, and its popularity in Europe is testament to its benefits. For the first time ever, diesel powered new cars are outselling their gasoline counterparts in Western Europe.